Freehold Minibus Transport Business In Wiltshire For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Caters for disabled people
- Good loyal clientele.
- Large premises with a extensive land.
- Turnover in excess of £521,443 with a net profit of £120,866. (See financial summary below).
- A business with great potential which has not been exploited due to the owners looking to semi-retire. .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.

History
Agents are delighted to place onto the market this excellent transport service business which was established since 1996. The business has been in the hands of the current owners since business opened and they now wishes to sell due to moving and semi-retirement.

Services
This very good business opportunity provides transport for the public, schools, colleges, local authorities and self drive mini buses.

Staffing
The concern employs 24 staff. 12 are full time and 12 part time.. The total wage bill is £188,467 per annum. All staff would stay on after a sale.

Owners Role
The owners’ roles are hands on and they deal with the day to day running of the business.

Marketing
The owner markets the business on yell.com and they also have a website.

Competition
As far as competition is concerned there are four similar businesses in the area.

Market
The client base consists of local council, private schools, regulars and passing trade.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local advertising.
• Increasing contacts and vehicles.
• Becoming more efficient with staffing levels.
• Open longer hours and weekends.
• Working more hands on and saving on wages.
• With an enhanced website.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Property Details
The office is branded with an attractive glass front and also bricked with windows. There are 7 x 16 seater minibuses and 4 x 8 seater minibuses. Additionally, there are 6-8 seater minibuses on lease from the local council. There are two large barns on site which are used for vehicle repairs. The main customer service area is carpeted. It is very well presented and is very conveniently laid out.

To the rear there are toilets, staff facilities and a fully equipped kitchen.

External
To the front there is parking for up to 20 cars.
To the rear is parking for the minibuses.

Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £50,000.

Financial Details
The present turnover is £521,443 per annum with a gross profit of £400,626 and a net profit of £120,866. The wages are £188,467 per annum.
The potential turnover of the business within the next 2 years is forecast to reach £680,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note we do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Broker will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Property information

Property:

Freehold

Location:

- Situated in the area of Warminster in Wiltshire.
- Excellent parking facilities nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- Good client base.
- Area offers exceptional lifestyle
- Ideally located for this type of business.

Premises details:

The office is branded with an attractive glass front. There are 7 x 16 seater minibuses and 4 x 8 seater minibuses. There are two large barns on site which are used for vehicle repairs. The main customer service area is carpeted. It is very well presented and is very conveniently laid out.

To the rear there are toilets, staff facilities and a fully equipped kitchen.

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local advertising.
• Increasing contacts and vehicles.
• Becoming more efficient with staffing levels.
• Open longer hours and weekends.
• Working more hands on and saving on wages.
• With an enhanced website.

Competition / Market:

As far as competition is concerned there are four similar businesses in the area.

Reasons for selling:

Moving and semi-retirement.

Trading hours:

Monday to Friday: 07:00am - 6:45pm
Saturday & Sunday: Closed

Employees:

The concern employs 24 staff. 12 are full time and 12 part time.. The total wage bill is £188,467 per annum. All staff would stay on after a sale.

Years established:

14 years

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£50,000 (included in the asking price)